Share tips thread

[DSLiverpool]

OK sages how much higher and for how long ;o)

[g4ry13]

It may be an interesting week for Tesco with the results out. I've been inclined to sell my lot as they haven't done anything especially exciting since I picked them up and i'm growing bored of the capital being tied up in them.

I may give them another quarter to run before deciding. I had expected a bit more from them and maybe some talk of reinstating a dividend.

[don29]

I think PMO will be a good recovery play for 2017.

Financial covenants need sorting, which may happen this month.

Currently 90p. I'm expecting north of £2 by end of year if covenants sorted and POO remains above $55. Not a low risk Investement though.

[Mezger]

dom9 said:

Hi Mezger - I am a former SG resident and cleared out a few years back at 2:1

Still, it had been pretty stable around there for a long time and we needed the money to start again in the US, anyway.

Transferwise appear to only offer transfers up to $49,999 at the moment. I am not sure whether than means you can do multiple transactions but I'll ask.

They also seem to suggest that this will change at some point, so they must be waiting for some sort of 'permission' (possibly money laundering rules?).

I shall endeavor to get the answers and shall post them up here when I do!

Coyft - Did you get my PM?

Edited to add: Ok, just spoke to Transferwise re. the limit and they say that they assume (I am paraphrasing) that USD transactions go through their US bank and that limit applies to the US. Since my USD are already in the UK and going back to the same bank in GBP, the limit will not apply to me as it'll all be handled by them in the UK, so they have changed my account profile or something to take away the limit. So, if anyone has any problems; just log on to the chat to them and see what the have to say!

Apologies for the diversion away from shares!

Edited by dom9 on Friday 6th January 08:29

Small world indeed, I'm popping into their SG office tomorrow to enable my account for SGD. just need Theresa May to confirm we won't be in the single market now! 😉

[dom9]

Mezger said:

Small world indeed, I'm popping into their SG office tomorrow to enable my account for SGD. just need Theresa May to confirm we won't be in the single market now! ??

I have become a bit 'selfish' when it comes to the negative consequences of Brexit... I see Foxtons admitting they're struggling (effectively) today, which must surely point to a slow down in house sales and possibly drops (in the SE at least) in price.

If I can maximize my FX and get a nice discount on a house, I'll be a happy boy. However, trying to reconcile that with my love for my home country and wanting us to go from strength to strength can be 'difficult'.

[Pvapour]

768 said:

I use the shareprice.co.uk app to buy/sell. £9 a trade plus stamp duty, no fees for holding an account.

Just buy low, sell high. Buying low might be a bit of an issue at the moment with the FTSE100 seeming to hit record high after record high. Or not.

Cheers 768, i'll take look,i'm not looking to make lots just to have some fun in a forward direction whilst learning..

[rustyuk]

I'm seriously considering cashing out and waiting for Article 50.

[Coneyhurst Blue]

I'm new to this - has anyone a view on GSK at the moment ?
Cheers.

[tpalmer]

don29 said:

I think PMO will be a good recovery play for 2017.

Financial covenants need sorting, which may happen this month.

Currently 90p. I'm expecting north of £2 by end of year if covenants sorted and POO remains above $55. Not a low risk Investement though.

Watching this with interest, interested to know other opinions.
The outlook generally seems positive.

Edited by tpalmer on Thursday 12th January 17:44

[Lynch91]

rustyuk said:

I'm seriously considering cashing out and waiting for Article 50.

I'm not quite at the cashing out stage but I'm stopping investing any more.

[twinturboz]

Tuesday will be interesting £ wise. Let's see if we finally hit lower targets and what the reaction there is.

[dom9]

Hard Brexit, no single market (supposedly)... Could we see something close to parity Vs. USD?

I'm out of UK (and EU) equities, pretty much, these days, thankfully.

Finger hovering over the Transferwise button...

[WindyCommon]

dom9 said:

Hard Brexit, no single market (supposedly)... Could we see something close to parity Vs. USD?

I'm out of UK (and EU) equities, pretty much, these days, thankfully.

Finger hovering over the Transferwise button...

Of course it has been the post-Brexit vote fall of GBP that has driven the FTSE100 to its current level. All those non-UK earnings are going to buy a lot more GBP if you think GBPUSD parity is on the cards. Long UKX might be the logical position....

[dom9]

I'm not sure parity is on the cards but it will be interesting to see how 'scared' the market gets with the threat of the UK going it alone, so to speak.

Not sure I'd be going long on the FTSE100 at the moment... A weak GBP may suggest a cheap entry for foreign investment but does anyone know what sort of companies they'll be investing in if our trade drops off a cliff?

I'm staying well out of the UK markets until we have some clarity. I'm sure there will be money to be made in the turbulence but I don't have the stomach for it!

[WindyCommon]

dom9 said:

...

Not sure I'd be going long on the FTSE100 at the moment... A weak GBP may suggest a cheap entry for foreign investment but does anyone know what sort of companies they'll be investing in if our trade drops off a cliff?

...

It's not about acquisitions, or trade with the UK. GBP weakness is good for FTSE100 because over 60-something% of the earnings of index constituent companies are generated overseas. Those earnings are now worth more in GBP than they were previously, and will be worth more again on any further devaluation.

[FredClogs]

WindyCommon said:

dom9 said:

...

Not sure I'd be going long on the FTSE100 at the moment... A weak GBP may suggest a cheap entry for foreign investment but does anyone know what sort of companies they'll be investing in if our trade drops off a cliff?

...

It's not about acquisitions, or trade with the UK. GBP weakness is good for FTSE100 because over 60-something% of the earnings of index constituent companies are generated overseas. Those earnings are now worth more in GBP than they were previously, and will be worth more again on any further devaluation.

Worth more in £, which is fi e if you're costs are in £, but most of the corporates in the ftse have a cost base in $ and € too.

I'm hoping it won't and doubting the sky will going to fall in but I also don't think further drops in the £ are a good thing

[WindyCommon]

FredClogs said:

Worth more in £, which is fi e if you're costs are in £, but most of the corporates in the ftse have a cost base in $ and € too.

I'm hoping it won't and doubting the sky will going to fall in but I also don't think further drops in the £ are a good thing

60-something% of earnings not revenues. The figure for revenues is 75%+.

Further drops in GBP ARE a good thing for UK/GBP-centric shareholders of international companies with London listings. That's the only observation I'm making. Anyway...

Edited by WindyCommon on Sunday 15th January 21:24

Edited by WindyCommon on Sunday 15th January 21:27

[dom9]

WindyCommon said:

It's not about acquisitions, or trade with the UK. GBP weakness is good for FTSE100 because over 60-something% of the earnings of index constituent companies are generated overseas. Those earnings are now worth more in GBP than they were previously, and will be worth more again on any further devaluation.

If they are able to continue with these services... who knows in the near-post-Brexit world?

[WindyCommon]

dom9 said:

WindyCommon said:

It's not about acquisitions, or trade with the UK. GBP weakness is good for FTSE100 because over 60-something% of the earnings of index constituent companies are generated overseas. Those earnings are now worth more in GBP than they were previously, and will be worth more again on any further devaluation.

If they are able to continue with these services... who knows in the near-post-Brexit world?

Rio Tinto, Randgold, BHP Billiton, British American Tobacco, Astra Zeneca, Glaxo etc etc etc....

These are global businesses with the vast majority of their operations, revenues and associated expenses all happening away from the UK. They just happen to be listed in London - a function of the City's role as a global financial centre. The exposure you gain from owning their equity is not to the UK economy as such.

[dom9]

Will they all remain listed in London?

Will Brexit cause a meltdown in Europe?

Will all EU companies suffer, if so?

Will (can?) Trump change trade rules for the US companies or foreign entities?

To say a weak pound will continue to push the FTSE higher is too simplistic, IMHO. We could have a weak pound and a global recession smashing the indices.

My view, and it is just my thoughts, is that a correction is coming, regardless of what the GBP does and that's why I am holding mostly cash, having taken it out of the markets (mostly) a few weeks back.

I might have missed (a slightly) higher peak but I don't have the nerve to stay in at record highs with the unknowns; Trump/Brexit/EU etc.